Cumberland Partners Ltd Invests $4.76 Million in Motorola Solutions, Inc. (NYSE:MSI)

Cumberland Partners Ltd bought a new position in Motorola Solutions, Inc. (NYSE:MSI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,200 shares of the communications equipment provider’s stock, valued at approximately $4,759,000.

A number of other hedge funds have also recently modified their holdings of the stock. Qube Research & Technologies Ltd boosted its position in Motorola Solutions by 61.1% during the third quarter. Qube Research & Technologies Ltd now owns 333,697 shares of the communications equipment provider’s stock worth $90,846,000 after purchasing an additional 126,517 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Motorola Solutions by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 839,123 shares of the communications equipment provider’s stock worth $260,204,000 after purchasing an additional 17,807 shares in the last quarter. Sherbrooke Park Advisers LLC boosted its position in Motorola Solutions by 224.3% during the third quarter. Sherbrooke Park Advisers LLC now owns 3,891 shares of the communications equipment provider’s stock worth $1,059,000 after purchasing an additional 2,691 shares in the last quarter. Sei Investments Co. boosted its position in Motorola Solutions by 9.8% during the third quarter. Sei Investments Co. now owns 74,767 shares of the communications equipment provider’s stock worth $20,353,000 after purchasing an additional 6,671 shares in the last quarter. Finally, Diversified Trust Co boosted its position in Motorola Solutions by 4.2% during the fourth quarter. Diversified Trust Co now owns 4,004 shares of the communications equipment provider’s stock worth $1,254,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 84.17% of the company’s stock.

Insiders Place Their Bets

In other Motorola Solutions news, SVP Cynthia Yazdi sold 4,744 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $334.30, for a total transaction of $1,585,919.20. Following the completion of the sale, the senior vice president now owns 8,858 shares of the company’s stock, valued at $2,961,229.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

MSI has been the topic of a number of recent analyst reports. StockNews.com upgraded Motorola Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on Motorola Solutions from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. William Blair restated an “outperform” rating on shares of Motorola Solutions in a research report on Friday, February 9th. Barclays raised their target price on Motorola Solutions from $333.00 to $352.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Evercore ISI initiated coverage on Motorola Solutions in a research report on Monday, March 25th. They issued an “outperform” rating and a $400.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $348.38.

Motorola Solutions Price Performance

Shares of NYSE:MSI traded up $0.46 during midday trading on Tuesday, hitting $345.69. The company had a trading volume of 721,322 shares, compared to its average volume of 632,381. Motorola Solutions, Inc. has a twelve month low of $269.64 and a twelve month high of $355.39. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.00 and a quick ratio of 0.85. The stock has a market cap of $57.43 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The business’s 50-day simple moving average is $340.20 and its 200-day simple moving average is $321.16.

Motorola Solutions (NYSE:MSI) last posted its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $3.90 EPS for the quarter, beating the consensus estimate of $3.63 by $0.27. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Motorola Solutions had a return on equity of 441.65% and a net margin of 17.12%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.38 earnings per share. On average, research analysts predict that Motorola Solutions, Inc. will post 11.74 earnings per share for the current year.

Motorola Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.98 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.92 annualized dividend and a yield of 1.13%. Motorola Solutions’s dividend payout ratio (DPR) is 39.48%.

Motorola Solutions Company Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.